One97 Communications Limited (OCL), which owns Paytm, announced its Q4FY23 as well as the FY23 results. The Indian fintech witnessed a 61 per cent Y-oY(year-on-year) revenue surge to Rs 7,990 crore in the financial year (FY) 23. It also bagged a 51% YoY growth in operating revenues to Rs 2,334 Cr in Q4, FY23.
The company has expanded its EBITDA before ESOP costs( including the UPI incentive applicable for this quarter only) to Rs 101 crore in Q4, FY23 from Rs 368 crore in Q4, FY22. In FY23, EBITDA before ESOP cost stood at Rs 176 crore compared to Rs 1,342 crore in FY22. It also achieved its operating profitability in Q3FY23.
The Vijay Shekhar Sharma-led fintech giant witnessed a 41 per cent YoY growth to Rs 1,467 crore in revenue from payment services in Q4, FY23. The revenue increased by 44 per cent to Rs 4,928 crore in FY23.
Its loan distribution business with revenue from financial services and others grew 183 per cent YoY to Rs 475 crore in Q4 FY 2023 and by 252 per cent in FY 2023 to Rs 1,540 crore. It registered a 364 per cent increase in the value of loans disbursed through its platform. The company claims to continue to monetise Paytm app traffic in its commerce and cloud segment by providing marketing services to its merchants. In Q4 FY 2023, Paytm’s commerce and cloud revenue grew by 23 per cent YoY to Rs 392 Cr. In FY 2023, Commerce and Cloud revenue grew by 38% to Rs 1,520 Cr.
The New Delhi-based start-up also improved its payment profitability with Q4FY23 net payment margin expanding 158 per cent YoY to Rs 687 crore while the net payments margin was Rs 554 crore, increased by 107 per cent YoY after excluding previous quarters’ UPI incentive.